Jeff Bezos sells 50 million Amazon shares
Amazon founder and billionaire Jeff Bezos, has stated that he plans to sell up to 50 million shares of the company, which is…
Business
Chevron pays stockholders $26bn
Chevron Corporation has announced a $26 billion return to investors for fiscal year 2023. This is true even if the business said…
Equity market recovers, gains N902bn
Positive trading returned to the stock market on Thursday, resulting in a gain of N902 billion. The PUNCH reported that this followed…
NGX starts 2024 with impressive surge in investors confidence
The Nigerian Exchange Limited concluded January 2024 with remarkable positivity in equities trading, driven by a surge in investor confidence towards listed…
Market capitalization falls N857bn due to sell-offs
The Nigerian Exchange’s market capitalization fell for the second time this year, losing N857 billion to close at N56,425 trillion due to…
How Edo IGR rose by 40% to N62bn in 2023 – Panel
Edo State’s Internally Generated Revenue increased by more over 40% to N62 billion in 2023, from N45 billion the previous year. According…
Egypt leads Africa in foreign direct investment
Bisola David The United Nations Conference on Trade and Development World Investment Report 2023, has revealed that Egypt experienced a tremendous increase in FDI,…
Geregu Power reports 110% rise in profit
A major player in Nigeria’s energy sector, Geregu Power Plc, has reported a staggering 110% increase in operating profit in its just issued 2023…
OPay launches security features to secure clients’ funds
Nigerian financial technology company, OPay, has introduced a number of security measures to combat financial fraud. The PUNCH reported that according to…
Amazon pulls out of iRobot acquisition
Alex Omenye Amazon’s attempt to acquire iRobot, the renowned robotic vacuum manufacturer, has come to an end due to challenges faced with…
Linktree adds new features for users
Alex Omenye Linktree, the link-in-bio platform, on Monday, unveiled new features, including link scheduling, archiving, and automated retrieval of the latest videos…
Okomu Oil Palm reports N32.9bn pre-tax profit in 2023
Nigeria’s top oil palm production firm, Okomu Oil Palm, has revealed its financial results for FY 2023, reporting a pre-tax profit of N32.9…